Vipul Mehndiratta

• Lead audit engagements for UK retail banks (mainly property backed lenders) and building societies, with balance sheets in excess of £1bn and managing teams of 20+ professionals and coordinating multi - location delivery.
• Engage with Audit Committees, Boards, and regulators (PRA, FCA) to present key audit findings, challenge management judgements, and provide independent perspectives on risk, reporting quality, and control environment.
• Oversee complex technical areas, including IFRS 9 (ECL models, staging, overlays, and EIR methodologies) and hedge accounting, ensuring robust testing, governance, and disclosures.
• Drive business development by building senior client relationships, contributing to proposals, and supporting account expansion, helping to position the firm as a trusted external auditor of choice.
• Acted as a key stakeholder in establishing Forvis Mazars’ offshore practice in India, defining audit processes, knowledge transfer, and governance structures to ensure seamless integration with UK banking audits.
• Mentor and coach emerging leaders within the practice, developing technical capability and leadership skills at Assistant Manager and Manager levels.
• Spearhead audit tender processes from initial receipt of Request for Proposal (RFP) through strategic pricing, proposal development, client presentations, and seamless onboarding of new financial services clients.

• Directed external audits of UK and international retail banks, leading engagement teams and ensuring compliance with IFRS, UK GAAP, and regulatory standards.
• Managed audits of banks undergoing liquidation and wind-down, addressing complex accounting, regulatory reporting, and stakeholder communications during resolution.
• Delivered specialist assurance services including:
  • CASS (Client Assets) audits, testing compliance with FCA requirements.
  • ISRE 2410 reviews of interim financial information.
  • Agreed-Upon Procedures (AUP) reports covering regulatory and control-related matters.
• Reviewed and challenged IFRS 9 ECL models (staging, overlays, forward-looking assumptions) and EIR methodologies, ensuring robustness and clear disclosures.
• Built and maintained strong relationships with client senior management, providing effective two-way communication on audit findings and governance expectations.
• Supported business development by contributing to proposals and pitches, helping secure new banking audit mandates.
  
• Actively coached Assistant Managers and Seniors, strengthening technical expertise, client delivery, and leadership capabilities within the team.

Between November 2020 and April 2022, I worked as an Assistant Manager managing audits across retail banks, asset management firms, pension schemes, and building societies, delivering both FRS 102 and IFRS-based financial statements. My responsibilities included acting as project manager on engagements, overseeing budgeting, planning, billings, and cost management, while ensuring alignment with client expectations on audit timelines and fees. I gained significant technical expertise in hedge accounting, effective interest rate (EIR) accounting, impairment of financial assets, and IAS 19 employee benefits review, while also coordinating closely with senior stakeholders to deliver high-quality audit outcomes.

I began my career with KPMG India in August 2013 as a graduate trainee and progressed naturally through successive roles to become an Assistant Manager, qualifying as an ACCA accountant during this period. My experience included acting as project lead within the Financial Services team, delivering external audits of challenger banks and building societies across the UK. I also led the Pensions Centre of Excellence project, driving audit quality and standardisation on IAS 19 employee benefits. In addition, I gained exposure to people management, including building new teams and recruiting the right talent in India to support UK-based engagements. My journey also included a secondment to KPMG UK, which provided international experience and strengthened my technical expertise in IFRS and UK GAAP audits.